Consumer Action For A Strong Economy Inc
- Assets
- $303.1k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Alexandria, VA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4138103
Organization Overview
Consumer Action For A Strong Economy Inc is located in Alexandria, VA. The organization was established in 2017. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Consumer Action For A Strong Economy Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Action For A Strong Economy Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Consumer Action For A Strong Economy Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 45.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVOTED TO PROMOTING CONSUMER INTERESTS THROUGH THE ADVANCEMENT OF FREE-MARKET PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESPITE A SECOND YEAR OF COVID RESTRAINTS, CASE WAS ABLE TO SUCCESSFULLY MAINTAIN ITS FULL STAFF, ENABLING IT TO CONTINUE TO EXPAND ITS REACH NATIONALLY THROUGH SIGNIFICANT ADVOCACY EFFORTS. CASE EXECUTED NUMEROUS PROJECT-BASED PUBLIC EDUCATIONAL CAMPAIGNS ACROSS A WIDE VARIETY OF MEDIA CHANNELS, PRODUCING AND DISSEMINATING THOUGHTFUL AND COMPELLING ISSUE ANALYSIS TO SERVE AS AN INFORMATIONAL RESOURCE FOR CONSUMERS, OPINION LEADERS, AND INDUSTRY EXPERTS. CASE, ALSO, PRODUCED UNIQUE AND CREATIVE PUBLIC AWARENESS CAMPAIGNS VIA DIGITAL ADS, SOCIAL MEDIA OUTREACH, BLOGS, OP-EDS AND RADIO INTERVIEWS WHILE FURTHER SOLIDIFYING ITS ADVOCACY EFFORTS BY ENGAGING FEDERAL AND STATE LAWMAKERS AND THEIR STAFFS IN SUPPORT OF FREE-MARKET SOLUTIONS ON ISSUES OF CONCERN TO U.S. CONSUMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Scimeca Chairman/secretary | OfficerTrustee | 50 | $185,500 |
Matthew Kandrach President/treasurer | OfficerTrustee | 50 | $185,000 |
Allen Miller Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New York Times Consumer Awareness | 12/30/19 | $220,643 |
The Herald Group Llc Consumer Awareness | 12/30/19 | $1,181,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,453,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,453,575 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,453,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $396,891 |
| Compensation of current officers, directors, key employees. | $9,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,057 |
| Payroll taxes | $24,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,238 |
| Fees for services: Accounting | $8,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $32,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,201 |
| Travel | $20,047 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $658 |
| All other expenses | $158,710 |
| Total functional expenses | $1,242,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $303,059 |
| Accounts payable and accrued expenses | $570 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $570 |
| Net assets without donor restrictions | $302,489 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $303,059 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Consumer Action For A Strong Economy Inc has recieved totaling $860,000.
| Awarding Organization | Amount |
|---|---|
Lets Perserve The American Dream Inc Tallahassee, FL PURPOSE: GENERAL SUPPORT | $750,000 |
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $100,000 |
Motion Picture Association Inc Sherman Oaks, CA PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harrison Rural Electrification Association Inc Bridgeport, WV | $39,716,529 | $14,386,396 |
Virginia Organizing Inc Charlottesville, VA | $8,195,944 | $10,817,973 |
Coalition Against Electricity Deregulation Inc Washington, DC | $487,186 | $8,246,247 |
American Exceptionalism Institute Inc Arlington, VA | $932,684 | $8,055,400 |
National Coalition For Asian Pacific American Community Dev Washington, DC | $6,392,194 | $8,381,016 |
Rural Cellular Association Washington, DC | $3,010,489 | $4,499,751 |
Neighborhood Housing Services Of Baltimore Inc Baltimore, MD | $24,650,096 | $5,559,716 |
Kentucky Rural Water Association Bowling Green, KY | $3,114,673 | $3,332,074 |
Peterson Family Foundation Fairfax, VA | $10,465,952 | $6,659,097 |
Blueprint North Carolina Raleigh, NC | $4,476,634 | $4,156,783 |
North Carolina Rural Water Association Inc Welcome, NC | $3,212,310 | $3,286,739 |
Community Forklift Edmonston, MD | $1,775,314 | $3,254,710 |